GPK Options History — May 2018

In May 2018, GPK traded between $13.79 and $15.11. ATM implied volatility averaged 22.1%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 2.9% (HV 20d: 25.1%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2018-05-24: Highest Volume — 5,934 contracts
  • 2018-05-04: Largest IV spike — 33.2% change
  • 2018-05-29: Highest IV Rank — 37.2%
  • 2018-05-29: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.44$13.79$15.11$14.12$14.47
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV22.1%15.6%26.4%16.4%20.8%
Expected Move6.5%4.7%7.6%4.7%6.0%
HV 20d25.1%20.8%31.3%26.6%22.3%
HV 60d24.6%23.6%25.9%25.9%24.5%
IV Rank25.2%6.6%37.2%8.8%21.4%
IV Percentile28.7%2.4%65.9%3.2%13.1%
Term Structure1.5%-3.0%7.5%7.5%-0.7%
VWIV23.8%17.2%27.1%17.2%19.3%
Skew 25d0.5%-7.8%9.2%3.0%-3.2%
Skew 10d1.7%-6.4%12.4%4.8%-4.0%
Call IV 25d23.3%17.1%26.0%17.1%25.6%
Put IV 25d23.9%18.0%33.3%20.1%22.4%
Bid-Ask Spread %19.204.7844.364.7814.37
Gamma HHI0.810.680.850.730.83
Net GEX614.5K227.3K921.2K311.6K638.6K
Net DEX-6.7M-11.4M-1.7M-2.1M-5.9M
Net VEX-33.8K-44.0K-10.8K-13.7K-33.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.011.200.030.71
Total Volume1,489.0912005,9341,410840
Total OI15,164.4557,61718,0398,89116,002

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$14.12$15.0016.4%4.7%26.6%8.8%17.2%3.0%7.5%311.6K-2.1M-13.7K0.034.781,366448,733158
2018-05-02$13.94$15.0018.1%5.2%26.0%13.7%18.1%3.4%6.1%227.3K-1.7M-10.8K0.016.764,941287,459158
2018-05-03$14.11$15.0015.6%6.6%26.3%6.6%24.4%6.2%2.0%377.1K-3.6M-23.1K0.0420.519764310,964156
2018-05-04$14.11$15.0020.8%6.8%25.7%21.3%27.1%5.5%3.1%400.2K-4.2M-26.0K0.0422.411,0514311,849171
2018-05-07$13.96$15.0017.9%5.8%25.4%13.0%23.6%-5.7%2.3%438.1K-4.7M-30.2K0.1310.903364313,622171
2018-05-08$13.79$15.0020.1%6.0%24.0%19.3%22.4%-1.6%4.2%423.9K-4.4M-29.2K0.1334.703314313,867171
2018-05-09$13.82$15.0021.7%6.2%24.2%23.9%24.9%5.3%1.4%438.5K-4.5M-30.0K0.4433.591396113,873171
2018-05-10$14.10$15.0018.6%5.3%25.2%15.0%22.2%4.4%4.0%468.0K-4.9M-30.4K0.1817.993416113,848210
2018-05-11$14.22$15.0021.4%6.1%25.7%23.1%26.2%-7.8%0.4%502.6K-6.0M-33.6K0.1316.323,49446914,018210
2018-05-14$14.24$15.0023.8%6.8%25.7%29.7%23.7%-3.9%3.0%636.0K-6.1M-37.4K0.9021.8252346916,714645
2018-05-15$14.05$15.0024.5%7.0%25.2%31.9%24.6%-5.4%1.2%576.5K-5.4M-35.3K0.6744.3699366916,721645
2018-05-16$14.19$15.0024.8%7.1%25.7%32.6%25.4%-4.9%-0.4%627.2K-5.8M-36.5K0.6711.9699566916,922845
2018-05-17$14.78$15.0025.2%7.2%30.6%33.7%25.2%-2.5%1.5%812.2K-9.5M-43.7K1.2028.1356467616,917845
2018-05-18$14.85$15.0024.5%7.0%30.8%31.8%24.5%-1.5%2.4%821.6K-9.8M-43.9K1.148.4859267616,9121,127
2018-05-21$15.04$15.0026.1%7.5%31.3%36.4%26.2%2.3%-3.0%842.8K-11.0M-44.0K0.5815.4259134416,7931,102
2018-05-22$15.04$15.0023.5%6.7%23.3%29.0%23.6%1.7%1.4%914.3K-10.7M-42.9K0.5816.8159034316,7671,105
2018-05-23$15.05$15.0024.8%7.1%22.3%32.7%25.2%1.8%-0.4%899.4K-10.8M-42.6K0.6017.0057334316,7781,105
2018-05-24$15.11$15.0024.3%7.0%21.3%31.4%24.3%2.6%-0.8%921.2K-11.4M-42.9K0.0614.325,59134316,7751,105
2018-05-25$15.06$15.0025.0%7.2%21.2%33.4%25.0%2.3%-0.6%730.3K-9.6M-39.3K0.6112.4356134314,9041,105
2018-05-29$14.86$15.0026.4%7.6%21.7%37.2%26.5%0.5%-1.0%718.7K-8.2M-37.5K0.719.6248134314,8741,110
2018-05-30$14.83$15.0022.9%6.6%20.8%27.4%23.0%9.2%-0.2%791.8K-8.1M-37.2K0.7139.6549034814,8811,110
2018-05-31$14.47$15.0020.8%6.0%22.3%21.4%19.3%-3.2%-0.7%638.6K-5.9M-33.1K0.7114.3749234814,8871,115